Advance means advance or advances of loan funds made by RUS to the borrower pursuant to the terms and conditions in the loan documents.
Agency means the Rural Utilities Service or its successor.
Conditional commitment letter means the notification issued by the Administrator to an eligible entity advising it of the estimated terms, conditions, and amount of the new loan.
Eligible entity means an RUS Electric Program borrower with an unpaid and outstanding FFB loan or RUS loan.
FFB means the Federal Financing Bank.
FFB loan means a loan made by FFB and guaranteed by RUS pursuant to the RE Act for electric purposes.
RUS loan means a loan made by the RUS under the RE Act for electric purposes.
7 C.F.R. §1710.53